>> we are seeing this in the united states but around the world. europe is going through a difficult time parts of asia and china are going through a difficult time right now. >>> mitt romney's campaign quick to respond. >> i used to teach. the students who came in are the ones that knew they hadn't done anything. the ones that failed in their responsibility in that respect the president is right he gets an incomplete because he's a failure. >>> president obama blaming president bush for the country's financial problem. >> the debt clock is now officially topping $16 trillion. the embarrassing milestone coming less than one hour before the first speaker took the stage at the dnc last night. the $13 trillion amount amounts to a staggering $135,000 to every single family out there. the deficit has increased by more than $5.4 trillion since he was sworn in four years ago that's more than in 8 years since george w. bush was in office. >>> chairwoman debbie wasserman finds himself in a major clash with the united states allies. israel's ambassador to th